Markets

New Goldman Sachs CEO wants more women on management committee Comcast drops out of race to acquire 21st Century Fox Two new indices announced for ether and bitcoin More changes are coming at investment firm Goldman Sachs as it prepares for a leadership change. The company’s current president, David Solomon,...

USD/TRY reaches new highs Best performer was CHF USD also strengthens against EUR, NZD and AUD The focus in forex markets on 14 August was mainly currency pairs such as USD/TRY, where the lira continued to be punished. In fact, the USD/TRY rate has broken above 7,000 for the...

Turkey announces punitive tariffs against many American products Lira recovers to 5.85 against USD US alcohol, automobiles and tobacco hit particularly hard Turkey’s heavily punished currency, the lira, strengthened sharply yesterday morning after the Turkish government announced that it would impose significant tariffs against American products in retaliation for...

US stock markets return to positive territory Nasdaq reaches a record high EC cuts economic growth forecast for 2018 US stock markets returned to positive ground on Thursday after a losing streak earlier in the week. The Nasdaq hit a record high after gaining 1.2%. The S&P 500 ended 0.8%...

Investigation has been going on for five years Maximum fine could be 10% of international turnover Various other banks also being investigated on similar charges The latest news from the Eurozone forex front is that European Union antitrust regulators have charged Credit Suisse with rigging foreign exchange rates, according...

Share price surges 21% in one day Market cap increases by $1.2bn CFO Louden believes Roku has excellent long-term potential Experienced traders have long known that a strong earnings report can send a firm’s stock price through the roof overnight. In the case of Roku, it appears the market is...

USD index now stands at 95.451 Emerging market currencies main losers China suggests tariffs on $60bn of US imports The USD strengthened further on Monday, following a trend that has now lasted for two weeks. Investors are clearly betting that the ongoing trade conflict and a robust US economy...

USD weakens widely on Monday but strengthens against the JPY BOE could increase interest rates this week Fed not expected to announce rate increase A brief look at the major currency pairs in the forex market shows that the best performer was the CHF, while the JPY ended at...

Buckingham Research Group believes that there’s more room for growth Currently trading at 57 times expected earnings for 2020 CFRA disagrees with buy rating Square Inc’s stock price has increased by another 5.5% since it issued its earnings report for Q2 2018 last week. The year-to-date increase now stands...

US Fed announcement largely ignored US drastically increases tariffs on Chinese imports Asian markets subsequently report sharp losses The decision by the US Federal Reserve to keep rates unchanged has been ignored by forex markets to a large extent so far. What caused Asian markets to plunge sharply on Thursday...